Retirement Value, LLC is a Texas-based life settlement firm that was shuttered by state regulators in May 2010.
The firm was accused of securities fraud and deceptive practices in its insurance death benefits business. Court documents reveal that the accused securities fraud cost investors more than $65 million.
The AP reports that “a Texas State Securities Board statement Thursday says the $7.7 million in initial payments expected later this year will be just 10 percent of the total amount of claims that 900 investors have made against Retirement Value LLC.”
If you believe that you or someone close to you may be a victim of securities fraud or stockbroker fraud, help is available. There are proactive steps you can take to help reclaim your financial security and the future that you worked so hard to build.
A securities fraud attorney should be familiar with changing state and federal laws and can advise you on legal options appropriate to your situation. Sokolove Law, a national law firm, offers a FREE, no obligation legal consultation for those who believe they have been a victim of securities fraud or stockbroker fraud. Call Sokolove Law today or fill out the form on this page to learn more about how we might be able to help you recover your losses.